The Asymmetric Effects of Oil Shocks on an Oil-exporting Economy
نویسندگان
چکیده
منابع مشابه
The Asymmetric Effects of Oil Shocks on an Oil-exporting Economy*
We estimate the effects of unexpected changes in oil prices on output for the case of Venezuela, an oil-exporting economy. Following Hamilton (2003), Lee et al. (1995), and Mork (1989), we estimate measures of oil shocks and determine the effect of these shocks on the Venezuelan economy. Our results suggest that oil shocks have had positive and significant effects on output growth in Venezuela ...
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ژورنال
عنوان ژورنال: Cuadernos de economía
سال: 2010
ISSN: 0717-6821
DOI: 10.4067/s0717-68212010000100001